Group Eleven Resources (CVE:ZNG) Stock Price Up 8.6% – Still a Buy?

Group Eleven Resources Corp. (CVE:ZNGGet Free Report) shares traded up 8.6% on Thursday . The company traded as high as C$0.20 and last traded at C$0.19. 604,174 shares were traded during trading, an increase of 333% from the average session volume of 139,483 shares. The stock had previously closed at C$0.18.

Group Eleven Resources Trading Up 2.6 %

The company has a debt-to-equity ratio of 0.43, a current ratio of 6.66 and a quick ratio of 2.73. The firm’s fifty day moving average is C$0.19 and its two-hundred day moving average is C$0.18. The firm has a market capitalization of C$40.31 million, a PE ratio of -9.75 and a beta of 1.39.

Group Eleven Resources Company Profile

(Get Free Report)

Group Eleven Resources Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Ireland. The company primarily explores for zinc, lead, and silver deposits. It owns 100% interest in the Silvermines project comprising two prospecting licenses (PLs) covering an area of 43.0 square kilometers located in the northern County Tipperary; the PG West project that consists of 22 PLs covering an area of 650 square kilometers located in the Limerick region.

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